China Construction Bank (OTCMKTS:CICHY) Shares Gap Down – Here’s Why

China Construction Bank Corp. (OTCMKTS:CICHY) shares gapped down before the market opened on Monday . The stock had previously closed at $19.52, but opened at $18.88. China Construction Bank shares last traded at $19.67, with a volume of 7,437 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of China Construction Bank to a “hold” rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

China Construction Bank Trading Up 2.5%

The company has a market capitalization of $268.14 billion, a price-to-earnings ratio of 5.69 and a beta of 0.13. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average price is $19.95 and its two-hundred day moving average price is $20.03.

China Construction Bank (OTCMKTS:CICHY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. China Construction Bank had a net margin of 25.63% and a return on equity of 9.81%. The business had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.44 billion.

China Construction Bank Company Profile

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.